OPEN-SOURCE SCRIPT
Relative Performance between between Stock and SPX
Simply plots the close to close performance of your instrument vs SPX below your main chart
Offers further SMA of EMA of such relative performance to get a better idea of the relative strength against the major market
Offers further SMA of EMA of such relative performance to get a better idea of the relative strength against the major market
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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